With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
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With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
With inflation so high, many are drawing comparisons to the huge inflation we saw in the 1970's. In this video I explain what led up to the "great inflation" of the 1970s as well as what makes the situation back then different from today. Time stamps 00:00 | Preview 00:19 | Memory refresher 00:33 | Misconceptions 00:51 | Factors Leading to 70's Inflation 01:57 | Difference 1 - Stagflation 02:41 | Difference 2 - Market flexibility 03:28 | ...
Economics with Mani
With inflation soaring and the central bank raising interest rates, many are wondering about the relationship between unemployment and inflation. I explain the original Phillips curve and how it was debunked in the 70's. Finally, I explain what the new Phillips curve says. Full video: https://youtu.be/RNPyrIsgCdg #phillipscurve #unemploymentandinflation More videos: When was US inflation LAST this HIGH? - https://youtu.be/kxFes-Hil7c The Inflation Reductio...
